Price has broken through key level resistance today & invalidated the previous downtrend where price was making lower lows & highs. Price today has made a bullish engulfing breakout above the key level today. I am now watching for a retest / rejection of previous resistance structure to act as new support, for price to continue higher towards 1830 weekly resistance.
Bearish engulfing breakout of the ascending trend line has occurred, & price has closed below the consolidation range its been trapped in for some days now. I am anticipating further downside movement to come ahead...
Price has formed a huge head on shoulders reversal pattern here on the higher timeframe. Price is now at the ascending trend line (Neckline) which aligns with a powerful area of support. I will be looking for a clear breakout of the neckline for price to make its way lower towards the zones below.
Price is following a solid uptrend making a series of higher highs & lows. Price has pulled back for a new higher low now retesting previous key level resistance now as new potential support, & from here I will be anticipating for price to resume the uptrend for a new potential higher high next above this new support zone.
Price has formed a head on shoulders formation & broke through the neckline with strong bearish momentum. Watching now for price to form a new lower high on the lower timeframe & retest previous support (the neckline), as new resistance, for price to resume lower back down into the support zone at the bottom.
Price has formed a falling channel bullish reversal pattern & has made a break & retest of resistance structure as support (green zone) after the bullish engulfing candlestick off of key level support at 1725 .. This upcoming week, I will be looking for a breakout of the channel for price to make its way back up towards 1830 resistance zone.
Price on the higher timeframe is moving within an ascending channel making higher highs & lows. Price has now made a nice correction off the top of the channel for a higher low, & is nearing the bottom of the channel once again which aligns with a strong area of support. From the zone below, I will be watching price action for signs of a bullish reversal & a...
Simple break & retest of key level support as resistance, with multiple rejection wicks occurring. The current trend still remains down & we can anticipate further downside movement into the levels as long as we remain under the 1740 zone.
Price has formed a powerful head on shoulders reversal pattern here, breaking below support to finish off last week with a bearish engulfing candlestick. In the weeks again, I am anticipating price to make its way towards the neckline, & if that is broken then a completion of the pattern could occur in the near future.
Price is in a bearish corrective structure after breaking out of the larger ascending structure previously.. Now I am watching for price to resume the downtrend & make its way towards the highlighted zones below..
Price broke out of the ascending trendline earlier today, & retested it as new resistance along with 152.800 region acting as resistance with the lower timeframe descending trendline. I am anticipating for price to make a reversal towards the highlighted targets below.